Teradata Co. (NYSE:TDC) Receives $55.40 Consensus PT from Analysts

Teradata Co. (NYSE:TDC) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.50.

Several equities research analysts recently commented on TDC shares. Royal Bank of Canada increased their price target on Teradata from $50.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, September 10th. Craig Hallum reaffirmed a “buy” rating and issued a $88.00 price target on shares of Teradata in a report on Friday, September 10th. JMP Securities increased their price target on Teradata from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, September 10th. Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $66.00 in a research note on Monday. Finally, Citigroup raised their target price on Teradata from $53.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, August 6th.

Shares of Teradata stock opened at $52.13 on Friday. Teradata has a 12 month low of $17.99 and a 12 month high of $59.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.13. The stock has a market capitalization of $5.69 billion, a P/E ratio of 58.57, a PEG ratio of 2.94 and a beta of 1.25. The business has a 50 day simple moving average of $51.59 and a two-hundred day simple moving average of $47.31.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 5th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.21 by $0.30. Teradata had a return on equity of 41.02% and a net margin of 5.24%. The firm had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $475.80 million. As a group, research analysts anticipate that Teradata will post 1.22 EPS for the current fiscal year.

In other news, CRO Todd Cione sold 48,319 shares of the firm’s stock in a transaction on Thursday, July 8th. The stock was sold at an average price of $46.12, for a total transaction of $2,228,472.28. Following the completion of the transaction, the executive now directly owns 309,010 shares in the company, valued at $14,251,541.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDC. Allianz Asset Management GmbH purchased a new position in shares of Teradata during the first quarter worth $107,008,000. Scout Investments Inc. boosted its holdings in Teradata by 132.7% in the second quarter. Scout Investments Inc. now owns 2,988,500 shares of the technology company’s stock valued at $149,335,000 after purchasing an additional 1,704,106 shares during the period. Factorial Partners LLC boosted its holdings in Teradata by 2,266.9% in the first quarter. Factorial Partners LLC now owns 736,114 shares of the technology company’s stock valued at $19,100,000 after purchasing an additional 705,014 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Teradata by 201.8% in the first quarter. Alyeska Investment Group L.P. now owns 999,641 shares of the technology company’s stock valued at $38,526,000 after purchasing an additional 668,420 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in Teradata in the second quarter valued at $25,030,000. Institutional investors and hedge funds own 91.61% of the company’s stock.

Teradata Company Profile

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

Read More: How to start trading in the forex market?

Analyst Recommendations for Teradata (NYSE:TDC)

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.